Red Violet

What Red Violet does

Red Violet, Inc. (NASDAQ: RDVT) is a publicly traded analytics and information solutions provider headquartered in Boca Raton, Florida, that was spun off from Cogint, Inc. in March 2018. The company builds and operates the cloud-native CORE platform, which aggregates public records, proprietary data sources, and digital footprints into a unified identity graph and applies machine learning, entity resolution, and data fusion to deliver identity verification, fraud prevention, risk mitigation, and compliance intelligence. CORE underpins two commercial brands: IDI (Interactive Data, LLC), an enterprise identity intelligence platform sold on subscription contracts, and FOREWARN, LLC, a real-time identity verification service distributed as a free member benefit through more than 590 REALTOR associations covering over 372,000 real estate professionals in the United States.

The company monetizes primarily through recurring subscription revenue from enterprise and mid-market customers (approximately 75% of total revenue per Q1 2026 disclosures), with the remainder generated via transactional usage on idiVERIFIED and association-level B2B contracts for FOREWARN. Go-to-market combines direct enterprise sales for IDI, channel partnerships with REALTOR associations and MLS organizations for FOREWARN, and technology integrations with platforms such as TazWorks (MeridianLink) in background screening and Ping Identity's PingOne DaVinci in identity orchestration. FY 2025 revenue was $90.3M, Q1 2026 revenue reached $25.83M (up 17% year-over-year), gross margin was 73%, and net income for Q1 2026 was $4.4M with $45.4M of cash on the balance sheet as of September 30, 2025.

Name

Red Violet

Legal name

Red Violet, Inc.

Website

https://redviolet.com

Company type

Public

Founded year

2018

Operating status

Operating

Headcount range

101–250 employees

Short description

Red Violet operates the cloud-native CORE identity intelligence platform, delivering enterprise identity verification, fraud prevention, and risk mitigation through its IDI brand, and real-time identity verification for real estate professionals through FOREWARN via 590+ REALTOR associations.

Ownership category

akta.pro rank

Product category

Identity Intelligence Software

NAICS

Investigation and Personal Background Check Services (561611), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Software Publishers (5132)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Processing & Data Preparation (7374)

akta.pro primary industry

Identity Verification (IDV) & Document Verification (FSAMALAE)

akta.pro secondary industries

Data, Evidence & Document Verification (IDV) for KYC (FSAMAMAN), Privacy-Preserving Data (De-identification, Anonymization, PII Redaction) (HDAAALAG), Data Validation, Enrichment & UTI/LEI Reference Services (FSAFAJAH)

Keywords

• Identity intelligence
• Fraud prevention
• Risk mitigation
• Identity verification
• Background screening

Headquarters

HQ city

Boca Raton

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. IDI Subscription Revenue: IDI, the enterprise identity intelligence platform, generates revenue primarily through subscription contracts. Approximately 75% of revenue derives from recurring contractual sources. Pricing contracts contain monthly fees and additional overage charges, generally annual or longer with auto-renewal. Billable customers numbered 10,422 in Q1 2026, with customers contributing over $100,000 in annual revenue growing 32% year-over-year.
2. FOREWARN: FOREWARN provides identity verification services primarily through REALTOR associations at no additional cost to individual agents. Revenue is generated through B2B relationships with associations rather than individual subscriptions. User base grew to 372,209 users by Q1 2026, with over 590 REALTOR associations contracted.
3. Transactional/Usage-based: idiVERIFIED represents less than 3% of total revenue and is purely transactional in nature, generating usage-based revenue on a per-transaction basis.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Red Violet builds and operates a cloud-native identity intelligence platform called CORE that aggregates and analyzes public records, proprietary sources, and digital footprints to deliver identity resolution and risk intelligence. The company sells two product lines on this platform: IDI (Interactive Data), an enterprise SaaS platform for identity verification, fraud prevention, risk mitigation, KYC/AML compliance, customer acquisition, and asset recovery; and FOREWARN, a real-time identity verification and criminal history service for real estate professionals, distributed via REALTOR associations.

Product overview

Red Violet operates as a unified identity intelligence company built on its proprietary CORE cloud-native platform. The portfolio consists of two core products: IDI (Interactive Data), an enterprise-grade identity intelligence platform offering solutions for identity verification, fraud prevention, risk mitigation, and customer acquisition; and FOREWARN, a real-time identity verification service designed for real estate professionals that enables instant risk assessment using phone numbers. Both products are powered by the CORE platform's data fusion, entity resolution, and machine learning capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• IDI (Interactive Data): Industry-leading identity intelligence platform providing solutions for identity verification, fraud prevention, risk mitigation, customer acquisition, frictionless commerce, and asset recovery for public and private sector organizations.
• FOREWARN
• CORE

Products and services

• IDI (Interactive Data) IDI is an enterprise identity intelligence platform providing solutions for identity verification, fraud prevention, risk mitigation, customer acquisition, frictionless commerce, and asset recovery, powered by the CORE technology platform. It is sold to public and private sector organizations requiring identity intelligence, with quote-based enterprise subscription pricing and approximately 10,422 billable customers as of Q1 2026.
• FOREWARN FOREWARN is a real-time identity verification and safety service that provides instant knowledge prior to face-to-face consumer engagements using as little as an incoming phone number. It supports identity verification and criminal history searches and is offered to real estate professionals at no additional cost as a member benefit through 590+ contracted REALTOR associations, reaching 372,209 users as of Q1 2026.
• idiVERIFIED idiVERIFIED is a per-transaction identity verification offering within the IDI family, billed on a usage basis for individual verification lookups. It is purely transactional and accounts for less than 3% of total revenue.

Quantifiable outcome

• Q1 2026 revenue of $25.83 million, up 17% year-over-year
• +4 more outcomes

Named customers13 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability5 records

Feature5 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Hawaii REALTORScoreChannel Partner/ Reseller/ Distributor · 29 May 2026Hawaii REALTORS (HAR), the largest REALTOR association in Hawaii with 10,000+ members, contracted to offer FOREWARN identity verification services to members as a member benefit at no additional cost. Service includes criminal history searches and client identity validation via phone number.
• Las Vegas REALTORS (LVR)coreChannel Partner/ Reseller/ Distributor · 26 March 2026Las Vegas REALTORS, the largest local REALTOR association in Nevada with 16,000+ members, contracted to offer FOREWARN services to members to promote agent safety. Service enables identity verification and criminal history searches using phone number.
• Buffalo Niagara Association of REALTORScoreChannel Partner/ Reseller/ Distributor · 23 March 2026Buffalo Niagara Association of REALTORS, the largest local REALTOR association in Western New York with 3,600+ members, contracted to provide FOREWARN identity verification services to members as a free member benefit.
• West Penn Multi-List, Inc. (WPMLS)coreChannel Partner/ Reseller/ Distributor · 13 February 2026Pennsylvania-based MLS contracted to make FOREWARN services available for 8,000+ members in Pittsburgh and western Pennsylvania to promote proactive agent safety.
• Massachusetts Association of REALTORS (MAR)coreChannel Partner/ Reseller/ Distributor · 3 November 2025Massachusetts Association of REALTORS, the largest REALTOR association in Massachusetts with 22,000+ members, contracted to offer FOREWARN identity verification services to members statewide.
• Salt Lake Board of REALTORScoreChannel Partner/ Reseller/ Distributor · 29 October 2025Salt Lake Board of REALTORS, the largest local REALTOR association in Utah with 9,000+ members, contracted to offer FOREWARN services to members at no additional cost.
• TazWorks (MeridianLink)coreTechnology or Integration · 20 October 2025IDI announced strategic integration with TazWorks, creators of TazCloud platform for the background screening industry. The integration expands access to IDI's identity verification solutions within the background screening ecosystem, enhancing screening accuracy and efficiency through TazWorks' platform.
• MIBOR REALTOR AssociationcoreChannel Partner/ Reseller/ Distributor · 1 July 2025MIBOR REALTOR Association, the largest local REALTOR association in Indiana with approximately 10,000 members in Indianapolis and 14 surrounding counties, contracted to offer FOREWARN services to members.
• Ping IdentitycoreTechnology or Integration · 5 May 2025IDI integrated with PingOne DaVinci, a no-code identity orchestration service by Ping Identity. The integration delivers powerful identity insights across the consumer journey, leveraging Ping Identity's enterprise customer base and identity security platform.
• Innovative EnterprisesminorStrategic or Co-development Partner · 9 April 2018Strategic alliance to deliver advanced identity verification, fraud prevention, and risk mitigation solutions to the background screening industry. Through long-standing commercial relationship, IDI provides solutions to enhance Innovative's screening offerings.
• DragonchainminorStrategic or Co-development Partner · 4 January 2018Strategic alliance combining Red Violet's analytics and intelligence capabilities with Dragonchain's blockchain technology platform. Alliance focused on leveraging Red Violet's massive database, proprietary algorithms, and solutions to accelerate commercial adoption of Dragonchain's blockchain platform across industries.

Scale indicators14 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• LexisNexis Risk Solutions: LexisNexis Risk Solutions is the largest dedicated identity verification, fraud, and risk-intelligence provider, and Red Violet's own materials identify LexisNexis as the primary incumbent competitor in the $20B+ background screening market — directly overlapping on IDI's enterprise risk and compliance use cases.
• Sterling Check: Sterling Check is a pure-play background screening and identity verification provider; it directly competes with IDI for screening-industry customers and is highly comparable on product offering and target buyer.
• Checkr: Checkr is a modern, API-first background screening platform serving gig economy, fintech, and enterprise employers; it overlaps with IDI's screening-industry customers and competes for the same enterprise identity intelligence spend.
• ID.me: ID.me operates an identity verification network spanning government, healthcare, financial services, and consumer use cases; it directly competes with IDI on enterprise identity verification and KYC.
• Verato: Verato is a master patient/person identity resolution provider (MPI) using referential and probabilistic matching; it is directly comparable to IDI's entity-resolution and identity-graph capabilities across healthcare and consumer verticals.
• Plaid: Plaid provides identity, account verification, and risk data infrastructure to fintechs and financial institutions; it is a directly comparable identity-intelligence and verification platform competing for the same enterprise and fintech buyers.
• MicroBilt: MicroBilt provides identity, credit, and risk data APIs to screening, collections, and fraud-prevention customers; it competes head-to-head with IDI on transaction and screening-industry identity intelligence use cases.

Broad incumbents

• TransUnion: TransUnion is a global information and credit bureau with major identity, fraud, and risk offerings; Red Violet's CEO, CFO, and CIO previously held senior roles there, and TransUnion is a structural incumbent in the same identity-data category.
• Equifax: Equifax is a global credit and identity-data incumbent that operates across consumer credit, identity verification, and workforce solutions; Red Violet's CEO held a VP/associate general counsel role there, and Equifax is a directly comparable broad incumbent in identity and risk data.
• Verisk Analytics: Verisk is a data analytics and risk-intelligence incumbent serving insurance, financial services, and government — a broader but adjacent business model that competes for the same enterprise risk-management budgets as IDI.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks4 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/redviolet

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 records

Funding overview

Funding rounds3 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Red Violet